(Small Cap Fund – An open ended equity scheme
predominantly investing in small cap stocks)
• Fund focuses on building a diversified portfolio
within the small cap segment.
• Portfolio will contain buy and hold strategies as well
as opportunistic picks in the cyclical space.
• Fund may also look to participate in new businesses
via IPOs.
The fund aims to identify and invest in companies with steady
growth prospects, operating in industries with a stable growth
visibility over the medium term – 2-4 years. The fund would be
willing to pay higher valuation for companies with distinct
segment leadership advantages and/or for companies operating
in segments which are witnessing a boost of growth due to
change in industry dynamics; regulatory changes / geographical
shifts. While not eschewing completely, the fund aims to limit
exposure to “deep” cyclicals and focus more on companies and
sectors with secular growth outlook. Hence, the valuation metrics
of the fund – P/E; EV/EBIDTA; EV/Sales may appear to be more
expensive than the benchmark.
Consumer facing rather than B to B is another focus area of the
fund. The fund aims to ensure participation in non-small caps as
a measure of higher liquidity as well addressability for investing in
sectors where size brings noticeable advantage – BFSI, for
example. The fund aims to hold cash levels of upto 10% across
time periods, both as a measure of liquidity as well as to
capitalize on opportunistic investing. Lastly, rather than try to
outperform the benchmark on the upside, the fund would aim to
conserve capital by limiting downside during periods of
drawdowns, a dominant (and painful) characteristic of small cap
investing.
Indian equities continued their upward momentum in August
following the trend in global markets, even as India continues to
see a sharp increase in daily new Covid-19 cases. In August and
over the last 3-month basis, Small Caps significantly
outperformed Mid and Large Caps. Since the bottom in March-20,
Large, Mid and Small Caps have bounced 50%, 52% and 66%
respectively.
Going forward, the pace of economic recovery would depend
largely on the extent of local lockdowns on account of spread of
Covid-19. Markets seems to have run ahead of fundamentals and
are less than 10% lower than all-time highs. Global and domestic
liquidity seems to have played a significant part in the sharp up
move seen in the markets. Investors should tread with caution as
the number of cases and deaths in India continue to rise. Also,
earnings uncertainty for FY21 is fairly high with a wide range of
analyst estimates.
Category: Small Cap Fund
Monthly Avg AUM: Rs 626.64 Crores
Inception Date: 25th February 2020
Fund Manager: Mr. Anoop Bhaskar
Benchmark: S&P BSE 250 SmallCapTRI
Exit Load:
1% if redeemed/switched out within 1
year from the date of allotment
Minimum Investment Amount: Rs100 and in
multiples of Rs1 thereafter
SIP Frequency: Monthly
SIP Dates (Monthly): Investor may
choose any day of the month except
29th, 30th and 31st as the date of
instalment.
Options Available: The Scheme offer
Dividend Option & Growth Option.
Dividend Option under each Plan further
offers of choice of Payout & Sweep
facilities.
PORTFOLIO | (31 August 2020) |
Name | % of NAV |
Equity and Equity related Instruments | 87.67% |
Consumer Non Durables | 15.65% |
Radico Khaitan | 3.92% |
Balrampur Chini Mills | 2.48% |
DFM Foods | 1.78% |
Heritage Foods | 1.68% |
DCM Shriram | 1.63% |
Godfrey Phillips India | 1.54% |
Emami | 1.29% |
Jubilant Foodworks | 1.26% |
Zydus Wellness | 0.07% |
Industrial Products | 8.90% |
Shaily Engineering Plastics | 2.49% |
Finolex Industries | 2.20% |
Huhtamaki PPL | 1.64% |
Prince Pipes And Fittings | 1.61% |
Carborundum Universal | 0.96% |
Chemicals | 7.36% |
Navin Fluorine International | 3.65% |
NOCIL | 3.51% |
Rossari Biotech | 0.20% |
Finance | 5.73% |
Multi Commodity Exchange of India | 3.86% |
ICICI Lombard General Insurance Company | 1.72% |
Mas Financial Services | 0.15% |
Pharmaceuticals | 5.39% |
FDC | 1.92% |
Divi's Laboratories | 1.65% |
Laurus Labs | 1.01% |
Suven Pharmaceuticals | 0.82% |
Software | 5.17% |
Birlasoft | 2.80% |
Tech Mahindra | 1.00% |
eClerx Services | 0.85% |
Cyient | 0.53% |
Pesticides | 5.11% |
Rallis India | 3.17% |
PI Industries | 1.93% |
Auto | 4.02% |
Ashok Leyland | 1.44% |
Escorts | 1.41% |
Name | % of NAV |
Tata Motors | 1.17% |
Auto Ancillaries | 3.72% |
Jamna Auto Industries | 1.41% |
Wheels India | 1.23% |
GNA Axles | 0.82% |
Jtekt India | 0.26% |
Construction | 3.54% |
Kajaria Ceramics | 2.51% |
Cera Sanitaryware | 1.01% |
PSP Projects | 0.02% |
Hotels, Resorts And Other Recreational Activities | 3.35% |
Westlife Development | 2.85% |
EIH | 0.49% |
Petroleum Products | 2.98% |
Gulf Oil Lubricants India | 2.98% |
Commercial Services | 2.90% |
TeamLease Services | 2.90% |
Consumer Durables | 2.86% |
Blue Star | 1.73% |
Borosil | 0.63% |
Orient Electric | 0.51% |
Retailing | 2.16% |
V-Mart Retail | 1.75% |
Arvind Fashions | 0.42% |
Healthcare Services | 2.10% |
Narayana Hrudayalaya | 2.10% |
Telecom - Services | 1.78% |
Bharti Airtel | 1.78% |
Textiles - Cotton | 1.58% |
Vardhman Textiles | 1.58% |
Fertilisers | 1.15% |
Coromandel International | 1.15% |
Cement | 0.86% |
Deccan Cements | 0.86% |
Media & Entertainment | 0.80% |
INOX Leisure | 0.80% |
Textile Products | 0.54% |
K.P.R. Mill | 0.54% |
Net Cash and Cash Equivalent | 12.33% |
Grand Total | 100.00% |
This product is suitable for investors who are seeking*:
• To create wealth over long term
• Investment in equity and equityr elated instruments of
Small cap companies.
*Investors should consult their financial advisors if in doubt about
whether the product is suitable for them.
Contact your Financial Advisor |
Call toll free 1800-2-6666-88 |
Contact your Financial Advisor | Call toll free 1800-2-6666-88 |
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